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New Experian service provides significant boost to credit risk insight PDF Print E-mail
Thursday, 15 March 2012

A new service from Experian®, the global information services company, will enable landlords to better understand the propensity of tenants to meet their rent payments and significantly improve the level of insight available to help credit providers assess risk and affordability.

Experian’s new Rental Exchange service will enable landlords to share information about how tenants meet their rental commitments to help prevent fraud and protect against the risk of non-payment.

The service also offers a secure and compliant way to include tenants’ payment history in credit reports. This will help credit providers to obtain a more complete view of customers’ credit performance and their ability to afford financial commitments, improving the insight available to make accurate and responsible lending decisions.

Paul Vescovi, UK & Ireland Managing Director, Experian Credit Services added: “The launch of Experian’s Rental Exchange service is good news for landlords, lenders and consumers alike. Landlords will be able to make better rental decisions, while credit providers will benefit from a more complete understanding of customers and their financial commitments.

“Our new service will strengthen the credit history of several million people in the UK, improving their access to a wider range of financial services and enabling lenders to more confidently and efficiently extend credit to a wider range of lower risk borrowers.”

(Source - Experian Press Release)  

 

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